Can I retire at age 62 with 857,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$70,770$70,140$69,525$68,925$68,338$66,444
2 years$35,035$34,382$33,750$33,137$32,542$30,648
3 years$23,125$22,469$21,838$21,231$20,646$18,811
4 years$17,171$16,517$15,893$15,296$14,725$12,963
5 years$13,599$12,950$12,333$11,749$11,194$9,510
6 years$11,219$10,574$9,967$9,395$8,857$7,253
7 years$9,519$8,880$8,283$7,725$7,203$5,679
8 years$8,245$7,612$7,025$6,480$5,976$4,531
9 years$7,255$6,628$6,050$5,519$5,032$3,665
10 years$6,463$5,842$5,275$4,758$4,288$2,996
11 years$5,816$5,201$4,644$4,141$3,688$2,470
12 years$5,277$4,668$4,121$3,632$3,196$2,050
13 years$4,821$4,218$3,682$3,206$2,787$1,710
14 years$4,430$3,834$3,308$2,846$2,443$1,432
15 years$4,092$3,503$2,987$2,538$2,151$1,204
16 years$3,797$3,214$2,708$2,273$1,901$1,015
17 years$3,536$2,960$2,464$2,042$1,686$858
18 years$3,305$2,735$2,250$1,840$1,499$726
19 years$3,098$2,535$2,059$1,663$1,336$616
20 years$2,913$2,355$1,890$1,506$1,193$523
21 years$2,745$2,194$1,738$1,367$1,068$445
22 years$2,592$2,048$1,602$1,243$957$379
23 years$2,453$1,915$1,479$1,132$859$323
24 years$2,326$1,795$1,368$1,032$772$275
25 years$2,209$1,684$1,267$943$695$235
26 years$2,102$1,583$1,175$862$626$200
27 years$2,002$1,490$1,091$789$564$171
28 years$1,910$1,404$1,015$723$509$146
29 years$1,824$1,324$944$663$460$125
30 years$1,744$1,251$879$608$415$107
31 years$1,670$1,182$820$559$376$91
32 years$1,600$1,119$765$514$340$78
33 years$1,535$1,059$714$472$307$67
34 years$1,473$1,004$667$435$278$57
35 years$1,416$952$624$400$252$49
36 years$1,361$904$584$368$228$42
37 years$1,310$858$546$339$207$36
38 years$1,261$816$512$313$188$31
39 years$1,215$776$479$288$170$26
40 years$1,172$738$449$266$154$22
41 years$1,130$703$421$245$140$19
42 years$1,091$669$395$227$127$16
43 years$1,054$638$371$209$115$14
44 years$1,018$608$348$193$105$12
45 years$984$580$327$178$95$10
46 years$952$553$307$165$86$9
47 years$921$528$288$152$78$8
48 years$892$504$271$141$71$6
49 years$864$481$255$130$65$6
50 years$837$459$239$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 62 starting with $857,000, adding $4,176 every year, while hoping to spend $30,216 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/36/26 Blend
61$857,000$857,000$857,000$857,000
62$948,722$903,301$890,017$977,285
63$1,013,342$915,413$887,683$1,010,666
64$1,083,540$927,106$884,258$1,043,624
65$1,159,854$938,327$879,674$1,078,655
66$1,242,875$949,020$873,858$1,115,966
67$1,333,252$959,127$866,737$1,155,788
68$1,431,702$968,581$858,230$1,198,374
69$1,539,010$977,317$848,256$1,244,006
70$1,656,045$985,261$836,728$1,292,997
71$1,783,758$992,335$823,555$1,345,692
72$1,923,200$998,459$808,643$1,402,475
73$2,075,527$1,003,544$791,893$1,463,770
74$2,242,010$1,007,497$773,201$1,530,046
75$2,424,050$1,010,219$752,458$1,601,824
76$2,623,189$1,011,605$729,551$1,679,679
77$2,841,124$1,011,544$704,361$1,764,249
78$3,079,725$1,009,916$676,763$1,856,237
79$3,341,051$1,006,596$646,629$1,956,423
80$3,627,369$1,001,450$613,822$2,065,671
81$3,941,176$994,336$578,200$2,184,934
82$4,285,221$985,103$539,614$2,315,267
83$4,662,533$973,593$497,911$2,457,836
84$5,076,447$959,635$452,927$2,613,931
85$5,530,639$943,051$404,494$2,784,977
86$6,029,154$923,651$352,435$2,972,551
87$6,576,452$901,233$296,565$3,178,393
88$7,177,442$875,586$236,692$3,404,428
89$7,837,534$846,482$172,614$3,652,783
90$8,562,687$813,684$104,121$3,925,805
91$9,359,466$776,940$30,994$4,226,090
92$10,235,103$735,982$0$4,556,505
93$11,197,566$690,527$0$4,933,266
94$12,255,632$640,277$0$5,356,843
95$13,418,972$584,916$0$5,822,557
96$14,698,241$524,111$0$6,334,745
97$16,105,176$457,508$0$6,898,188
98$17,652,713$384,734$0$7,518,160
99$19,355,099$305,396$0$8,200,480
100$21,228,037$219,077$0$8,951,564